Is 92128, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 92128 has remained a Seller's Market.
Housing Prices in 92128, CA
How much do homes in 92128, CA cost?
Median Sold Price
$895,833
$590/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92128 was $895,833 in March 2024, up 9.2% from last year, and the median price per square foot was $590.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $475K | +5.6% |
2 Bedrooms | $692.5K | $723.3K | +4.5% |
3 Bedrooms | $987.5K | $1.0M | +9.4% |
4 Bedrooms | $1.3M | $1.3M | +0.6% |
5+ Bedrooms | $1.7M | $1.6M | -5.3% |
Summary: 92128 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 92128, CA
How many homes are available in 92128, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 128 | +10.3% |
Summary: The 92128 real estate market had 128 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 57 | 59 | +3.5% |
3 Bedrooms | 44 | 50 | +13.6% |
4 Bedrooms | 5 | 12 | +140.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 92128 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 140%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 48 | +11.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 92128 in March 2024, up by 11.6% month-over-month. Of the 48 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for 92128, CA
How long does it take to sell a home in 92128, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 14 Days | -60.8% |
Summary: Homes in 92128 had an average of 14 days on market in Mar 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in 92128; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.